Schedule 13D - Activist Investments
Saudi Telecom Company (STC) has announced the appointment of its Group Chief Executive Officer, Olayan Alwetaid, to the board of directors of Telefonica, S.A., reinforcing STC's significant 9.97% beneficial ownership.
SCHEDULE 13D: Saudi Telecom Company Affiliate Secures Nearly 10% Stake in Telefonica, Seeks Board Representation
Saudi Telecom Company (STC), through its wholly-owned subsidiary Green Bridge Investment Company SCS (Luxco), has acquired a 9.97% beneficial ownership stake in Spanish telecommunications giant Telefonica, S.A., with plans to seek a board seat.
Delay expected